American Assets Trust, Inc.AAT

NYSEReal EstateReal Estate Investment Trusts
Price (close)
$21.58
Market cap
$1.3B
P/E
66.7x
Revenue (TTM)
$438.2M
Net income
$19.9M
Dividend yield
6.30%
1-year total return
14.4%
Net margin
4.5%
Revenue growth
-3.9%
Debt / equity
1.50x

What American Assets Trust, Inc. does.

Unless otherwise indicated or unless the context requires otherwise, references to “we,” “our,” “us” and “our company” refer to American Assets Trust, Inc., a Maryland corporation, together with our consolidated subsidiaries, including American Assets Trust, L.P., a Maryland limited partnership, of which we are the sole general partner and which we refer to in this report as our Operating Partnership. In statements regarding qualification as a REIT, such terms refer solely to American Assets Trust, Inc.

We are a full service, vertically integrated and self-administered real estate investment trust, or REIT, that owns, operates, acquires and develops high quality office, retail, multifamily and mixed-use properties in attractive, high-barrier-to-entry markets in Southern California, Northern California, Washington, Oregon, Texas and Hawaii. As of December 31, 2025, our portfolio is comprised of twelve office properties; eleven retail shopping centers; a mixed-use property consisting of a 369-room all-suite hotel and a retail shopping center; and seven multifamily properties. Additionally, as of December 31, 2025, we owned land at two of our properties that we classified as held for development and construction in progress. Our core markets include San Diego, California; the San Francisco Bay Area, California; Bellevue, Washington; Portland, Oregon and Oahu, Hawaii.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$344.6M$375.8M$422.6M$441.2M$457.9M$436.2M
Net income$27.7M$36.6M$55.9M$64.7M$72.8M$71.4M
Free cash flow$63.5M$63.7M$65.3M$105.8M$136.9M$94.9M

More on AAT.

Figures from American Assets Trust, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.